In September 2022, the budget committee of Flounder Company assembles the following data: 1. Expected Sales October $ 1,900,000 November 1,730,000 December 1,510,000 2. Cost of goods sold is expected to be 60% of sales. 3. Desired ending merchandise inventory is 20% of the next month's cost of goods sold. 4. The beginning inventory at October 1 will be the desired amount. Prepare the budgeted income statement for October through gross profit on sales, including a cost of goods sold schedule. FLOUNDERCOMPANY Budgeted Income Statement $ $ > $